India to be our 2nd biggest mkt in Asia by 2018: Mann+Hummel

SummaryThe firm expects Indian operations to reach a revenue of 100 million euro by 2018.

nothing is planned yet."

The company, which entered India in 2003, currently has another facility at Tumkur near Bangalore with an installed capacity of 10 lakh units annually. It has so far invested Rs 300 crore in India.

"The Bawal plant has been set up at an investment of Rs 120 crore. It has an installed capacity to roll out 20 lakh units every year that can be expanded to 40 lakh units depending on demand," Randhawa said, adding the new plant will mainly be supplying components to car market leader Maruti Suzuki and Suzuki Motorcycle.

Talking about sales expectations, he said it is expecting Rs 150 crore turnover this year as against Rs 120 crore in 2011.

"We are hoping for good growth and get more businesses from companies like Mahindra & Mahindra, VE Commercial Vehicles and Daimler. We are expecting 40-45 per cent jump in our sales in 2013," Randhawa said.